Thermax Babcock & Wilcox Energy Solutions has secured a Rs 513 crore order to supply two boilers for a 600 MW greenfield energy project in Botswana.

The Network Planning Group reviewed eight infrastructure projects, including railway lines and industrial clusters, with a total estimated investment of over Rs 14 billion.

Nalanda Capital has divested a 1.2% stake in Thermax for Rs 765 crore through an open market transaction. The shares were sold at an average price of Rs 5,100.26 apiece.

Canara Bank, JSW Energy, and 11 other companies will be included in the MSCI India index effective May 31, 2024, as per the latest index review. Three companies will be removed.

Thermax Ltd reported a 20% increase in net profit to Rs 188 crore in the January-March 2024 quarter, driven by higher revenues. The company also announced a dividend of Rs 12 per share.

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